After being hacked, 1inch has recovered most of the stolen funds, reaching a bug bounty agreement with the hacker
According to Decurity's post-incident report, after negotiations with the hacker, most of the $5 million stolen from 1inch has been returned, with the hacker retaining a portion as a bug bounty. The attack originated from a vulnerability in the Fusion v1 smart contract, primarily affecting users who utilized outdated versions of the resolver, while regular users' funds remained unaffected.
As previously reported by Odaily, 1inch discovered the vulnerability in the Fusion v1 smart contract on March 5, which was subsequently exploited by the hacker to steal funds. 1inch has urged relevant resolvers to undergo audits and update their contracts to prevent similar incidents in the future.
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